E-FILING OF ITR A.Y. 2008-09

PLZ. GUIDE ME

My Assessee , who is a company, whose  turnover for the F.Y. 2007-08 (A.Y. 2008-09)  is  100 lacs , gets his accounts audited on 10-10-08. but he forgot to e -file the income tax return. Later on he e-file the ITR on 10-8-2009.

I want to know about the penalties he may face

1. Late filing of ITR after the close of A.Y. 31.03.2009 OF Rs 5000/-

2. Late filing on Audit Report u/s 271B ( however it is not to be attached with the e-filing of ITR.)

 

Replies (2)

 

THE COMPANY MAY FACE PENALTY UNDER BOTH THE PROVISIONS. HOWEVER,  IF THERE IS ANY REASONABLE OR GENUINE CAUSE FOR DELAY IN FILING OF  RETURN (WHICH IS SUPPOSED TO BE FILED BEFORE THE SPECIFIED DATE - 30.09.2008), THE PENALTY MAY NOT BE LEVIED. 

Yes as above V.K. Sir said, if the company provideing valid reason of not submitting Audit report on the due date, and if they get satisfy than company will be able to save tax of not submitting Audit report u/s 271B. Other wise, company have to pay 0.5% tax of trunover.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details